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Electric mobility, the mobility of the future

2 min. reading
E-mobility / 5 July, 2021

Karla García Gil Journalist

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Among the existing options, electric mobility is positioned as the mobility of the future, as it improves the quality of life of users by dispensing with combustion engines, thus avoiding the emission of greenhouse gases, which in turn helps to combat climate change, a concern of all governments and societies.

Moreover, electric motors achieve an energy efficiency of 90%, compared to 25% for traditional engines. Moreover, recharging an electric vehicle is much cheaper than recharging it at a gas station.

Electric mobility is certainly here to stay and will shape the future of the transportation industry. Not only because it is more efficient transportation as we can see, but also because it has new uses, for example, electric trucks, planes and boats that are still in an experimental phase.

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Business models

Electric mobility also represents an opportunity for the creation of new business models. Electric mobility business models can link three relevant sectors: the automotive industry, energy systems and transportation infrastructure.

In this sense, electric transportation does not only consist of electric cars, but includes classic forms of transportation such as trains, streetcars, trolleybuses and electric bicycles.

When other services such as smart charging and grid infrastructure are included, the industry will be even bigger.

Good prospects

The global market for electric vehicles is constantly expanding. Today the average cost of batteries has decreased by 90% compared to 2009. A further decrease in the price per kWh to $100 will help to achieve uniformity between the prices of electric cars and conventional cars, and it is believed that this will happen around 2025.

In the United States alone, the market for fleet charging services could reach $15 billion per year by 2030. California passed the world’s first law stating that half of the trucks sold in the state must be zero-emission by 2035, and 100% by 2045. Thanks to this, heavy haulage companies will save up to US$6 billion in fuel and carbon dioxide emissions will fall by 17 million tons.

In this context, 13 countries and 31 cities in the world are joining the ban on diesel and gasoline cars: Amsterdam will reach zero emissions by 2030, France and the United Kingdom by 2040.

As a result, the electric mobility industry is expected to be the only viable option globally for decades to come.

 

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